Walmart Lease To Own Calculator Tool

Lease to Own Equations:

\[ Dep = (CC - RV) / T \] \[ Fin = (CC + RV) \times MF \] \[ MP = Dep + Fin \]

Capitalized Cost (CC):

Residual Value (RV):

Term (T):

months

Money Factor (MF):

decimal

Depreciation (Dep):

Finance Fee (Fin):

Monthly Payment (MP):

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1. What is Walmart Lease to Own?

Walmart's Lease to Own program allows customers to acquire merchandise through flexible payment plans without requiring credit checks. This calculator helps estimate monthly payments based on key lease factors.

2. How the Calculator Works

The calculator uses these lease to own equations:

\[ Dep = (CC - RV) / T \] \[ Fin = (CC + RV) \times MF \] \[ MP = Dep + Fin \]

Where:

$ Dep $ — Depreciation ($/month)
$ Fin $ — Finance fee ($/month)
$ MP $ — Monthly payment ($)
$ CC $ — Capitalized cost ($)
$ RV $ — Residual value ($)
$ T $ — Term (months)
$ MF $ — Money factor (decimal)

3. Understanding the Calculations

Depreciation: Represents the value the item loses over the lease term.
Finance Fee: The cost of financing the lease, similar to interest.
Monthly Payment: The sum of depreciation and finance fee.

4. Using the Calculator

Tips: Enter all values as positive numbers. Money factor is typically a small decimal (e.g., 0.0025). Term is usually 12-36 months.

5. Frequently Asked Questions (FAQ)

Q1: What is capitalized cost?
A: This is the negotiated price of the item you're leasing to own.

Q2: What is residual value?
A: The estimated value of the item at lease end. For lease-to-own, this is often $0.

Q3: How is money factor determined?
A: The leasing company sets this based on market rates and risk factors.

Q4: Are there other fees not included?
A: Yes, there may be acquisition fees, taxes, or insurance not reflected here.

Q5: Can I negotiate the terms?
A: Some terms may be negotiable, especially the capitalized cost.